4Urban's 5Rise development

The development

Involved the remodelling by developers 4Urban of the tired Myrtle Walk Shopping centre into 5Rise, a retail and residential destination in the heart of Bingley. The complex comprises of 10 residential apartments and an enhanced library, delivering long term benefits to the local area by providing a great place to live, shop and socialise. Existing tenants NatWest, Boots, Superdrug and Enterprise Inns sit alongside new occupants including Co-op, Greggs, Betfred, Home Bargins and Bradford Council.

Timeline

April 2007
Harrogate-based 4Urban acquired the Myrtle Walk Shopping Centre
September 2007
Planning application submitted
December 2007
Planning permission granted
November 2008
Work commenced
October 2009
Project completion

• " 5Rise fills a gap in the market and provide a much needed quality retail offer. The close proximity to Leeds, Bradford, the Dales and its excellent transport links has made Bingley a much sought after residential destination but as a shopping experience it has been poor. "

  Richard Holmes, 4Urban

How we helped

Gordons advised 4Urban in relation to all aspects of the redevelopment from site acquisition, obtaining planning permission, including an appeal and agreements under S106 of the Town and Country Planning Acts, relocation of tenants, including the provision of a temporary library until the permanent library has been completed, pre-letting of units and procurement of the Building Contract.

More specifically this included: agreements for surrender with existing tenants and a new lease for an alternative site with the anchor tenant supermarket operator, agreements for development and Lease with retail tenants new to the scheme and other retail tenants being relocated within the re-developed scheme. Other advice has been given relative to road agreements under S278 of the Highways Act.

• " I am delighted to have been a part of the development of 5Rise. The work has been very involved with many issues to resolve, interests to acquire and strands to pull together. Working as a team has meant that we have managed to reach all the stages of the development on time. "

  Richard Piper, Gordons LLP